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Nvidia CEO Warns AI Scaremongers: Calm Down, Robots Aren't Taking Over Yet

KEY POINTS

  • On July 22, Nvidia CEO Jensen Huang blamed 'science fiction' panic for risking halting AI adoption and harming US competitiveness.
  • Treasury Secretary Scott Bessent threatened sanctions against Chinese firms for using ‘distillation attacks’ while Commerce investigates Nvidia chip exports.
  • Huang praised Trump’s team and urged policymakers to consult multiple CEOs, cautioning against exaggerated AI risk narratives.

On July 22, 2026, Nvidia’s Jensen Huang took a heroic stand against what he calls AI 'science fiction' fearmongering—a phrase possibly invented at midnight calls with Trump’s top advisors, Susie Wiles and Scott Bessent. Huang swatted down claims AI will end humanity or obliterate half of US jobs, calling them 'complete nonsense.' Meanwhile, Treasury Secretary Bessent threatened Chinese firms over 'industrial-scale distillation attacks,' specifically accusing Moonshot AI of cloning Anthropic's tech using Nvidia chips—chips now under Commerce Bureau investigation for export snafus. Huang, partnering with OpenAI and Anthropic, reminded everyone regulation-shopping isn't a sport only CEOs play, but apparently a national pastime. All this while praising Trump’s crew as simply 'incredible people' who want him to succeed, perhaps so Nvidia can keep shipping AI magic to China.

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Source: Axios | Published: 7/23/2026 | Author: Maria Curi

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